Scioto County Counseling Center 401(k) Review & Grade
Scioto County Counseling Center 401(k) Profit Sharing Plan
Portsmouth, OHHealth Care & Social Assistance594 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$973Employer $ per active participant
$1,577Employee $ saved per active participant
0.65%Direct admin cost, % of plan assets
$6.3MNet plan assets, end of year
$12,411Average balance per account
Score breakdown
- Employer generosity24.9 / 5050th percentile for employer $ per participant
- Low cost3.7 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving5.2 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 15th |
| Employee saving | 35th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($706,369 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Scioto County Counseling Center put in about $973 per active participant, below the typical peer ($976). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.65% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $578,194 |
| Participant (employee) contributions | $937,317 |
| Other contributions (incl. rollovers in) | $48,623 |
| Administrative expenses paid from the plan | $36,084 |
| Benefits paid out | $741,049 |
| Net assets, start / end of year | $4.8M / $6.3M |
| Active participants, start / end of year | 583 / 606 |
| Participants with account balances | 505 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante Moran, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $36,804 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014135050NAL0002942481001, received 2025-10-14, EIN 31-1070665, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.